MicroStrategy has acquired an additional 16,130 BTC for ~$593.3 million at an average price of $36,785 per #bitcoin. As of 11/29/23, @MicroStrategy now hodls 174,530 $BTC acquired for ~$5.28 billion at an average price of $30,252 per bitcoin. $MSTR https://t.co/hSEZyzGBsr
JUST IN: A new mystery whale continues its daily ritual of purchasing hundreds of #Bitcoin every morning, adding another 500 #BTC to their stack today alone 👀
At this pace, they'll likely own one of the top 100 largest #Bitcoin addresses by the week's end 😮
If you are buying crypto or trading this market, then your goal is to get to a level of fuck you...👑
Bookmark this.
Screenshot it.
Make it your background.
Set a reminder.
Do not be greedy and get sucked into holding if you are NOT already in a position of fuck you.
Near the top of the trend when everyone is euphoric, do the following...
1. Cash out.
2. Pay off all of your debt.
3. Buy a house or a condo where you want to live.
4. Put the rest in an S&P 500 Index fund earning 6-10%.
5. Put the rest in the bank.
That's your base.
Beyond that, do what you want, but make sure you build your base before you do anything else.
This video and quote from the movie the Gambler with Mark Wahlberg and John Goodman is the best advice you'll ever hear and is VERY applicable to crypto and NFT's.
QUOTE:
Frank: How much have you been up?
Jim Bennett : I've been up two and a half million dollars.
Frank : What you got on you?
Jim Bennett: Nothing.
Frank: What you put away?
Jim Bennett: Nothing.
Frank: You get up two and a half million dollars, any asshole in the world knows what to do: you get a house with a 25 year roof, an indestructible Jap-economy shitbox, you put the rest into the system at three to five percent to pay your taxes and that's your base, get me?
That's your fortress of fucking solitude. That puts you, for the rest of your life, at a level of fuck you.
Somebody wants you to do something, fuck you.
Boss pisses you off, fuck you!
Own your house.
Have a couple bucks in the bank.
Don't drink.
That's all I have to say to anybody on any social level.
Did your grandfather take risks?
Jim Bennett: Yes.
Frank: I guarantee he did it from a position of fuck you. A wise man's life is based around fuck you.
The United States of America is based on fuck you. You're a king?
You have an army?
Greatest navy in the history of the world?
Fuck you! Blow me. We'll fuck it up ourselves.
CZ had to turn off his wash trading bots and criminals will no longer use Binance.
66% reduction in volume for the biggest crypto platform in the world once they have had to go legit!
And yet BNB price remains unphased as it's FTT 2.0, with Binance owning most of its supply.
"It is literally a prison planet."
Former Blackrock portfolio manager, Ed Dowd (@DowdEdward), explains why every last remnant of your freedom depends on widespread rejection of CBDC.
"Once the central bank digital currency is linked to all your credit cards and bank accounts, then social controls can be implemented. If you're a dissenter like me, talking about truth, they shut you down."
Full episode: https://t.co/0S2Pc3l9BC
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97% Of All Bitcoin Will Be Mined In April of 2024 For the 4th Halving...
The single most important event for #Bitcoin is the halving.
Nothing else even compares.
Understanding the Bitcoin Halving
Satoshi Nakamoto coded #Bitcoin to half the reward payouts to miner's every 210,000 blocks.
This event occurs approximately every four years and is a form of artificial inflation control, similar to a central bank printing less money.
The halving ensures that the total supply of Bitcoin caps at 21 million, making it a deflationary asset.
In simpler terms, as more time goes on, less and less Bitcoin are created.
Every other fiat currency in existence is inflationary in nature.
As more time goes on, more are created, thus making the currency you hold less valuable.
Here is a chart of the USD money in circulation from 1950 til now.
This is what separates Bitcoin from everything else and why many believe that is is a digital store of value.
As a function of economics and as Bitcoin's adoption rate grows, this means that demand will most likely outpace supply by a wide margin.
Past Halving Events and Their Market Impact
The first halving on November 28, 2012, saw the block reward fall from 50 to 25 BTC. At that time, the price on halving day was a modest $12.35.
The second halving occurred on July 9, 2016, with rewards dropping to 12.5 BTC and a price of $650.53, indicating a substantial increase from the previous event.
Most recently, the third halving on May 11, 2020, reduced the reward to 6.25 BTC, with the price soaring to $8,821.42.
The Next Halving: What Lies Ahead?
Mark your calendars as the next halving is forecasted for between April 18th to 25th, 2024.
This will decrease the mining reward to 3.125 BTC.
As with previous halvings, I believe that price will be higher 1 year later as a function of supply and demand.
This, in combination with the ETF, spells fireworks to me.
Although we can't predict the future, we can look at the past to give us an idea of what may happen.
If I was a betting man (which I am), I would put money on a continued bull run post halving into 2024-2025.
What do you think?
🚨🚨🚨 BREAKING: Something odd is going on with USDC. The spread between itself and USDT is widening.
What I heard is that two funds were denied redemption so arbitrage is not possible now. Watch the Circle situation. This could be the end for them.
🚨🚨🚨🚨⚠️⚠️⚠️⚠️
2 days after they said "#HTX withdrawals will resume in 24 hours", only $TRX has been allowed to escape (+one random $BTC transactions)
Everyone else is still trapped on #HTX & #Poloniex rn following hundreds of millions in hacks. Justin Sun is exit scamming.
$7.3M locked on @HTX_Global
No response to legal action.
@justinsuntron blocked us on Linkedin.
@EdwardHBGSG blocked us on Twitter.
We have been contacted by several other companies who have had $200k, 800k, $10M and $24M locked.
⚠️ 🚩 There was admission by Justin’s own employees $TRX price is completely manipulated
JSUN learned many of his washing tricks from CZ (his close friend)
It seems almost certain that CZ, now government informant under plea deal, has flipped on him (and likely tipped him off)
⚠️🚨🚨🚨🚩 Most pple missed this in the middle of the CZ mayhem
Tether posted on the 21st the US Secret Service and the FBI are ON the platform.
Tether is now completely compromised. Hundreds of millions have already been frozen
The industry is about to be flipped on its head